The Indian crypto community faced a turbulent 2024 with increased adoption and notable hacks causing significant losses. With cryptocurrencies still unregulated, leaders advocate for improved tax structures to foster growth and innovation in the sector.
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2025-26, industry leaders are urging for tax concessions and a robust regulatory framework, hoping to align with global Web3 trends and enhance the investment climate.